---
schema_version: "secwatch.filing_event.v1"
accession: "0001214659-23-009826"
form_type: "8-K"
ticker: "GPUS"
cik: "0000896493"
company_name: "Hyperscale Data, Inc."
filed_at: "2023-07-20T23:59:59+00:00"
generated_at: "2026-06-13T06:03:32.367392+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Ault Alliance amends loan agreement, borrows additional $8.83M; total debt $24.33M

## Summary
- Borrowed additional $8.83M via amended notes; total principal $24.33M.
- Interest 8.5% p.a., maturity May 7, 2024; monthly payments $750K rising to $1.13M.
- New subsidiary BNI Montana joined as borrower; additional collateral including 19,389 Pro Antminers.
- Restructuring fee $200K and legal fees $50K paid; Circle 8 Holdco pledged as collateral.
- Borrowers may defer monthly payment with $165K fee, limited to 6 deferrals, non-consecutive.

## SEC filing metadata
- accession: 0001214659-23-009826
- form_type: 8-K
- ticker: GPUS
- cik: 0000896493
- company_name: Hyperscale Data, Inc.
- filed_at: 2023-07-20T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/896493/000121465923009826/0001214659-23-009826-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/896493/000121465923009826/j7192338k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214659-23-009826
- JSON: https://secwatch.observer/filing/0001214659-23-009826.json
- Plain text: https://secwatch.observer/filing/0001214659-23-009826.txt

## Key facts
- Debt Financings
  Hyperscale Data, Inc. incurred credit facility of $24,326,222 with JGB Capital, LP, JGB Partners, LP and JGB (Cayman) Buckeye Ltd. at 8.5% per annum maturing May 7, 2024.
  - Instrument: credit facility
  - Principal: $24,326,222
  - Counterparty: JGB Capital, LP, JGB Partners, LP and JGB (Cayman) Buckeye Ltd.
  - Rate: 8.5% per annum
  - Maturity: May 7, 2024
  - Event: incurrence
  source text: Borrower, borrowed an additional $8,833,333 (the “ Additional Loan Amount ”) and issued amended and restated secured promissory notes to the Investors in the aggregate amount of $24,326,222 (collectively, the “ Amended Notes ”; and the transaction, the “ Additional Financing ”). The Amended Notes reflected the total amount outstanding under the Loan Agreement after
  evidence_url: https://www.sec.gov/Archives/edgar/data/896493/000121465923009826/0001214659-23-009826-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.